Arab Today, arab today munich re profits up in 2013
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Munich Re: Profits up in 2013

Arab Today, arab today

Arab Today, arab today Munich Re: Profits up in 2013

Frankfurt - AFP

Munich Re, the world's leading reinsurer, said on Tuesday that it beat its own full-year forecasts and booked net profit of 3.3 billion euros ($4.5 billion) in 2013. "According to provisional calculations, Munich Re improved its consolidated result in 2013 to 3.3 billion euros from 3.2 billion euros the previous year," it said in a statement. In the fourth quarter alone, net profit more than doubled to 1.2 billion euros from 0.5 billion euros a year earlier. As a result, Munich Re said it would propose an increased dividend of 7.25 euros per share for 2013, compared with 7.0 euros the previous year. "The very good result, to which all the business fields contributed, demonstrates Munich Re's earnings strength. We have clearly surpassed our profit guidance of 3.0 billion euros," said chief financial officer Joerg Schneider. At an underlying level, operating profit fell by 17 percent to 4.4 billion euros, largely as a result of reduced earnings on investments, Munich Re said, but insisted that the level was "still pleasing". Gross premium income slipped by 1.7 percent to 51.1 billion euros. Investors cheered the prospect of the increased dividend and Munich Re shares were the second-biggest gainers on the Frankfurt stock exchange, adding 0.98 percent in a slightly softer market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today munich re profits up in 2013 Arab Today, arab today munich re profits up in 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today munich re profits up in 2013 Arab Today, arab today munich re profits up in 2013

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday